It was on this date in 2007 that Mark Carney was announced as the new Governor of the Bank of Canada. Born in the Northwest Territories, he later spent his most formulative years in Edmonton before heading off to Harvard. After his university studies he began a highly successful career in the private sector, particularly during more than a decade with Goldman Sachs. Carney then entered the public service, being named Senior Associate Deputy Minister at the Department of Finance with a special responsibility for G7 economic matters.
Upon the retirement of David Dodge, Finance Minister Jim Flaherty and the Harper government named Carney Governor of the Bank of Canada in 2008 where he played a key role in Canada’s widely-praised success in facing that year’s global economic crisis.
After serving as Governor of the Bank of Canada Carney made history when the British appointed him Governor of the Bank of England, the first foreigner to hold that post. He held that crucial post until 2020.
Since his arrival back home in Canada, it has been widely speculated that Carney would enter politics, running as a Liberal. However, he has yet to take the plunge into political life. He is currently serving as the UN Special Envoy for Climate Action and Finance.
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Jim Flaherty and Mark Carney/caption
Arthur Milnes is an accomplished public historian and award-winning journalist. He was research assistant on The Rt. Hon. Brian Mulroney’s best-selling Memoirs and also served as a speechwriter to then-Prime Minister Stephen Harper and as a Fellow of the Queen’s Centre for the Study of Democracy under the leadership of Tom Axworthy. A resident of Kingston, Ontario, Milnes serves as the in-house historian at the 175 year-old Frontenac Club Hotel.
Arthur Milnes is an accomplished public historian and award-winning journalist. He was research assistant on The Rt. Hon. Brian Mulroney’s best-selling Memoirs and also served as a speechwriter to then-Prime Minister Stephen Harper and as a Fellow of the Queen’s Centre for the Study of Democracy under the leadership of Tom Axworthy. A resident of Kingston, Ontario, Milnes serves as the in-house historian at the 175 year-old Frontenac Club Hotel.